In the News: $1 Million Awarded for Bala Avenue Redevelopment

BALA CYNWYD, PA - City Ave District announced that the organization was awarded $1 Million by Main Street Matters for the rehabilitation of 202 Bala Avenue, a cornerstone property of a larger mixed-use development initiative spearheaded by Core Development, HOW Property Management, Lower Merion Township and City Ave District.

The Bala Avenue property will include over 80 residential units, 3,000 square feet of retail space, 118 parking spaces, and a public plaza “designed to function as a hub for community life encouraging social interaction, supporting local businesses and enhancing the overall quality of place along Bala Avenue.”

According to the press release:

“This investment addresses a highly visible vacancy at the center of Bala Avenue and advances a project that will have meaningful, long-term impact on the corridor,” said Bryan Fenstermaker, President & CEO of City Ave District. “Equally important, the Revolving Loan Fund establishes a sustainable financing tool that will allow us to continue supporting small businesses and property owners on 54th, 63rd, and Bala Avenue unlocking additional investment where it’s needed most.”

To read the original press release, please visit https://cityave.org/city-ave-district-awarded-1-million-through-main-street-matters-to-advance-bala-avenue-revitalization/.